Almouneer, a pioneering digital transformation platform that is redefining healthcare for physicians and patients throughout the Middle East and Africa (MEA), has announced that it has raised US$3.6 million for its seed round of funding.
The Bridge Fund, Wrightwood Investments, the family office of Diane & Henry Engelhardt (UK), Proparco, Digital Africa, and other prominent international funds participated in the seed round led by Dubai-based Global Ventures.
Almouneer is a digital transformation platform that was founded in 2017 by Noha Khater and Rania Kadry with the goal of helping people with chronic illnesses.
The primary purpose of the funding is to facilitate the development and growth of DRU, which is the first patient-centric digitally enabled lifestyle and diabetes management platform in the MEA. DRU will benefit millions of people in Egypt and the Middle East by helping to prevent and control obesity, pre-diabetes, and diabetes. The scalable platform makes use of a vast provider network along with state-of-the-art applications for patients and physicians.
There will be significant milestones in 2024. Almouneer will introduce its DRU app for physicians in Q1, which will link medical professionals with millions of people. The company’s plan is to grow both domestically and globally, with market launches expected in Saudi Arabia, the United Arab Emirates, and many African nations, including Nigeria and Kenya, by the following year.
Noha Khater, co-founder and CEO of Almouneer, said: “We are very excited to be announcing this round—an important achievement and milestone in our journey. Over the past year, we managed to grow our team and successfully build DRU. This round will now catapult us into the next phase of our business, helping us grow our team and talent further, invest in our technology, and broaden DRU’s provider network—inching us even closer to our vision.”
Almouneer has doubled its business volume in the past year and made numerous key hires, leading to its rapid expansion and the subsequent need for a capital raise to support its expanding patient base of over 120,000.
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